Spices and Seasonings Market Size To Reach US$ 35.1 Billion By 2028 | With a 5.37% CAGR

IMARC Group, a leading market research company, has released a report titled "Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global spices and seasonings market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.37% during 2023-2028.

Spices and seasonings are ingredients used to enhance the flavor, aroma, and overall culinary experience of food. They are derived from various plant sources, such as seeds, fruits, bark, roots, or leaves, and are known for their distinct tastes and aromatic qualities. Spices refer to dried or ground plant parts that are used to season food. They are typically strong in flavor and can be used in both sweet and savory dishes. Common examples of spices include cinnamon, cloves, cumin, turmeric, paprika, nutmeg, and ginger. They are used in smaller quantities as they have concentrated flavors that can significantly impact the taste of a dish. Seasonings, on the other hand, are blends or mixtures of various spices and herbs. They are created to provide a balanced and harmonious combination of flavors to a dish. They are also pre-mixed and can be found in stores as spice blends or rubs. Popular seasonings include Italian seasoning, curry powder, chili powder, herbes de Provence, and garam masala. These blends are convenient for adding flavor to dishes without the need to measure individual spices. Spices and seasonings play a crucial role in cooking by adding depth, complexity, and character to dishes. They can enhance the natural flavors of ingredients, add heat or spiciness, provide a pleasant aroma, and create a well-rounded taste profile. Additionally, spices and seasonings allow cooks to explore and experiment with different cuisines, as they are key ingredients in various culinary traditions around the world.

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Spices and Seasonings Market Trends and Drivers:

One of the primary drivers stimulating the growth of the global spices and seasonings market is the rising consumer inclination toward diverse and exotic flavors. As consumers become more adventurous with their culinary choices, there is a growing demand for unique and authentic taste experiences. In addition, the increasing focus on health and wellness is another significant factor driving the market. Consumers are becoming more conscious of the nutritional value and potential health benefits of the ingredients they incorporate into their meals. Spices and seasonings often possess natural compounds and antioxidants that offer health advantages, such as anti-inflammatory properties and potential disease-fighting capabilities. With the growing awareness of these benefits, consumers are actively seeking out spices and seasonings that not only enhance flavor but also contribute to their overall well-being. As a result, the demand for health-oriented spices and seasonings, such as turmeric, cinnamon, and ginger, is on the rise. Besides, the globalization of culinary influences has significantly impacted the spices and seasonings market. With increased exposure to diverse cuisines through travel, international restaurants, and online platforms, consumers are increasingly embracing global flavors and incorporating them into their cooking. This trend has led to a surge in the demand for authentic spices and seasonings from various regions, such as Indian, Mexican, Middle Eastern, and Asian cuisines. The desire to recreate traditional dishes and explore new taste sensations is driving the market growth as consumers seek high-quality spices and seasonings that deliver an authentic and immersive culinary experience. Furthermore, spices and seasonings manufacturers are continuously innovating to cater to the evolving consumer preferences and demands. They are introducing new blends, mixtures, and customized products that offer convenience and ease of use in the kitchen. Ready-to-use spice blends, spice rubs, and marinades are gaining popularity, as they provide consumers with pre-mixed combinations of spices and seasonings, saving time and effort in meal preparation.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

Salt and Salt Substitutes
Herbs
Thyme
Basil
Oregano
Parsley
Others
Spices
Pepper
Cardamom
Cinnamon
Clove
Nutmeg
Others

Breakup by Application:

Meat & Poultry Products
Snacks & Convenience Food
Soups, Sauces and Dressings
Bakery & Confectionery
Frozen Products
Beverages
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Ajinomoto
ARIAKE JAPAN Company
Associated British Foods
Baria Pepper
Döhler
DS Group
Everest Spices
Kraft Heinz Company
Kerry Group
McCormick & Company
Olam International
Sensient Technologies
SHS GROUP
Spice Hunter
Unilever
Worlée

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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This release was published on openPR.